Show how the imposition of a tariff by a small country will have a consumption effect, a production effect, a government revenue effect, and a trade effect on the economy of that country.

Formative essays must use graphics such as diagrams, charts, equations (if necessary) data and examples. These must be done yourself using the MS Word or Excel – No cut and paste or photos from your phone. The student must reference all work and cite the correct authors and sources from both the lecture readings and additional material sourced individually